Skaddenfreude

Skaddenfreude: Sheppard Mullin

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Here’s the Sheppard Mullin memo that went out earlier today:
To All Associates:
The Executive Committee is pleased to announce we are increasing the base compensation for all Associates. The 2007 base compensation for our first year Associates in New York will be $160,000, and for our Associates in all other offices $145,000. These new first year levels are consistent with those of our competitors. Base compensation for other classes will also be increased. The amounts for other classes will be announced shortly. The increases will be effective retroactive to January 1, 2007 and will first show up in your February 15, 2007 paycheck. You will also at that time receive the retroactive portion.
2006 was an exciting and successful year, and we look forward to working together to make 2007 even better. Thank you for the energy and hard work that has made our Firm prosper.

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